Been through this myself, I have had all three types. First an HEI Accel set up, then switched to stock dist. w/Pertronix Ignitor II setup, now, I have gone back to points/cond.

I can only tell you what my experience has been and I will say that I have not noticed ANY advantage to any of the above. In fact, if anything, the car runs better with points for whatever reason. I for one will stick w/points JMO...